Your chance to speak up in the latest CICM UK Credit Managers’ Index
Press Release – 13 January 2015
The latest round of the CICM Credit Managers’ Index (CICM UK CMI) has opened seeking views from credit managers to help compile the most comprehensive study of the credit industry and how businesses are currently managing their cash.
The most recent Index (Q3 2014) of professionals working in both the Manufacturing and Services sectors highlighted the growing pace of confidence, shown through the increased rate in which businesses were collecting their cash. But there were signs of problems ahead.
New information is always essential for the CICM’s ability to report accurately, and produce the most dependable analysis: “Gaining up-to-date analysis on credit managers’ insight of their experience in how tough it is to collect outstanding debts is crucial for accurately determining the state of the UK economy,” Phillip King, Chief Executive of the CICM says.
“With our members, business organisations and government departments able to benefit from this information on the state of the UK economy, it is important that many take the survey; After all, it takes just a few minutes.”
The CMI is a diffusion index, producing ‘scores’ of between one and 100 (typically in a range of 40 – 60). Ten equally weighted factors are included – three favourable and seven unfavourable – and the index calculated on a simple average of the 10 factors. Credit Managers’ views and statistics are sought on such issues as applications for credit through to days sales outstanding.
Link to online survey – https://www.surveymonkey.com/s/5NGYKN5
The Chartered Institute of Credit Management (CICM) is Europe’s largest credit management organisation, and the second largest globally. The Institute was granted its Royal Charter on 1 January 2015. The trusted leader in expertise for all credit matters, it represents the profession across trade, consumer and export credit, and all credit-related services. Formed over 75 years ago, it is the only such organisation accredited by Ofqual and it offers a comprehensive range of services and bespoke solutions for the credit professional as well as services and advice for the wider business community, including the acclaimed CICM/BIS Managing Cashflow Guides.
For news, views and updates, follow the CICM on Twitter at www.twitter.com/CICM_HQ.
For further press information, please contact:
Sean Feast or Alex Simmons, Gravity Public Relations
T: +44 (0)207 330 8888